Commit To Purchase Scilex Holding At $1, Earn 74.2% Annualized Using Options
May 20, 2024 at 11:38 AM EDT
Investors considering a purchase of Scilex Holding Company (SCLX) shares, but tentative about paying the going market price of $1.19/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the September put at the $1 strike, which has a bid at the time of this writing of 25 cents..